BYD-Daimler JV to begin operations in 2013

Germany’s Daimler and Chinese automaker BYD Co. have revealed that their electric vehicle (EV) alliance will begin operations during 2013. Du Guozhong, manager of BYD’s public relations department, said that a facility in Shenzhen in Guangdong province will serve as the research and development (R&D) and manufacturing base for the EV joint venture (JV). Vehicles developed at the Shenzhen BYD Daimler new technology unit will be sold under a new brand, positioned between BYD’s and Mercedes-Benz China’s offerings. (July 2, 2010)